Economisch commentaar
November’s industrial production figure has been interpreted by some as proof that Germany’s economy dipped into the red in the final quarter of 2011. We still believe a recession is not a done deal yet.
Economisch commentaar
Some have taken Germany’s recent annual growth figure (3%) as a sign that the economy has contracted by 0.2%-0.3% in 11Q4. But this will only hold true if the data on the first three quarters are not revised, which may well be the case.
Economisch commentaar
The depreciation of the euro may not result in the much-needed boost to the region’s net exports. However, it is making life difficult for households. The rise in the price of oil to near record highs is adding to eurozone’s economic woes.
Conjunctuurbeeld Engelstalige versie
De Franse economie toonde haar veerkracht in 11K3, maar wij verwachten dat de effecten van de schuldencrisis in de komende maanden steeds duidelijker zichtbaar zullen worden. Er is voorlopig geen reden voor optimisme.
